“This project is very important both for Europe and Azerbaijan. This is a new source of gas for Europe and a new way both for Azerbaijani gas and gas of other Caspian countries,” noted Alasgarov. “Naturally, this project will significantly strengthen both economic and political relations of Azerbaijan with European countries.”

The vice-speaker added that the project will also boost Azerbaijan’s significance as a transit country.

“This project will allow transporting to Europe not only Azerbaijani gas,” he noted adding that the SGC will also allow Azerbaijan to become a transit country for transportation of Turkmen and Iranian gas.

This will additionally increase the economic and political weight of Azerbaijan in the world, added Alasgarov.